FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 3, 2011 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 2, 2011 Federal Reserve Banks Mar 2, 2011 Feb 23, 2011 Mar 3, 2010 Reserve Bank credit 2,518,670 + 13,292 + 256,334 2,528,420 Securities held outright (1) 2,318,618 + 14,689 + 347,775 2,328,439 U.S. Treasury securities 1,224,988 + 23,588 + 448,446 1,236,258 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,146,075 + 23,349 + 437,203 1,157,044 Notes and bonds, inflation-indexed (2) 54,074 + 211 + 10,297 54,357 Inflation compensation (3) 6,415 + 26 + 944 6,434 Federal agency debt securities (2) 143,373 - 781 - 24,138 143,249 Mortgage-backed securities (4) 950,256 - 8,119 - 76,533 948,932 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 15,425 0 Other loans 20,534 - 1,374 - 66,014 20,381 Primary credit 18 0 - 13,755 7 Secondary credit 0 0 - 800 0 Seasonal credit 5 + 2 + 1 8 Credit extended to American International Group, Inc., net (6) 0 0 - 25,210 0 Term Asset-Backed Securities Loan Facility (7) 20,511 - 1,376 - 26,251 20,366 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 7,742 0 Net portfolio holdings of Maiden Lane LLC (9) 26,045 + 12 - 1,190 26,062 Net portfolio holdings of Maiden Lane II LLC (10) 16,036 - 8 + 484 15,890 Net portfolio holdings of Maiden Lane III LLC (11) 22,824 + 9 + 417 22,837 Net portfolio holdings of TALF LLC (12) 703 + 12 + 331 703 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 25,106 0 Float -1,570 - 135 + 270 -2,027 Central bank liquidity swaps (13) 70 0 + 70 70 Other Federal Reserve assets (14) 115,411 + 86 + 22,465 116,065 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (15) 43,675 + 14 + 932 43,675 Total factors supplying reserve funds 2,578,586 + 13,306 + 257,265 2,588,336 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Mar 2, 2011 Federal Reserve Banks Mar 2, 2011 Feb 23, 2011 Mar 3, 2010 Currency in circulation (15) 997,051 + 1,694 + 65,184 998,952 Reverse repurchase agreements (16) 60,625 + 2,764 + 4,050 62,461 Foreign official and international accounts 60,625 + 2,764 + 4,050 62,461 Others 0 0 0 0 Treasury cash holdings 186 + 5 - 14 194 Deposits with F.R. Banks, other than reserve balances 155,094 - 18,416 + 85,127 157,807 Term deposits held by depository institutions 5,070 0 + 5,070 5,070 U.S. Treasury, general account 47,058 + 6,500 + 8,164 49,542 U.S. Treasury, supplementary financing account 99,980 - 24,996 + 74,983 99,980 Foreign official 178 + 48 - 2,759 379 Service-related 2,320 - 6 - 421 2,320 Required clearing balances 2,320 - 6 - 421 2,320 Adjustments to compensate for float 0 0 0 0 Other 487 + 36 + 88 517 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (17) 73,242 + 740 + 6,868 72,534 Total factors, other than reserve balances, absorbing reserve funds 1,286,197 - 13,215 + 161,213 1,291,949 Reserve balances with Federal Reserve Banks 1,292,389 + 26,521 + 96,052 1,296,387 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 11. Refer to table 6 and the note on consolidation accompanying table 9. 12. Refer to table 7 and the note on consolidation accompanying table 9. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Mar 2, 2011 Memorandum item Mar 2, 2011 Feb 23, 2011 Mar 3, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,384,450 - 3,648 + 415,534 3,391,705 U.S. Treasury securities 2,623,626 - 3,773 + 422,590 2,630,648 Federal agency securities (2) 760,824 + 126 - 7,056 761,056 Securities lent to dealers 14,135 - 784 + 8,642 17,035 Overnight facility (3) 14,135 - 784 + 8,642 17,035 U.S. Treasury securities 12,853 - 872 + 8,263 15,923 Federal agency debt securities 1,282 + 88 + 378 1,112 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 2, 2011 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All Remaining maturity days 90 days 1 year to 5 years to 10 years years Other loans (1) 7 8 0 20,366 0 ... 20,381 U.S. Treasury securities (2) Holdings 12,138 29,950 57,572 525,223 436,109 175,267 1,236,258 Weekly changes - 8,436 + 11,764 - 3,546 + 18,103 + 581 + 4,368 + 22,833 Federal agency debt securities (3) Holdings 3,255 20,901 18,276 69,499 28,971 2,347 143,249 Weekly changes + 2,385 - 3,255 0 0 0 0 - 870 Mortgage-backed securities (4) Holdings 0 0 0 21 21 948,889 948,932 Weekly changes 0 0 0 - 1 - 1 - 9,269 - 9,269 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 70 0 0 0 0 0 70 Reverse repurchase agreements (6) 62,461 0 ... ... ... ... 62,461 Term deposits 5,070 0 0 ... ... ... 5,070 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Mar 2, 2011 Mortgage-backed securities held outright (1) 948,932 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Mar 2, 2011 Net portfolio holdings of Maiden Lane LLC (1) 26,062 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,022 Accrued interest payable to the Federal Reserve Bank of New York (2) 649 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,326 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Mar 2, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 15,890 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,353 Accrued interest payable to the Federal Reserve Bank of New York (2) 479 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,077 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Mar 2, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 22,837 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,434 Accrued interest payable to the Federal Reserve Bank of New York (2) 574 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,395 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Mar 2, 2011 Asset-backed securities holdings (1) 0 Other investments, net 703 Net portfolio holdings of TALF LLC 703 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 107 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Mar 2, 2011 Wednesday Wednesday Assets, liabilities, and capital Feb 23, 2011 Mar 3, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,245 - 15 + 95 Securities, repurchase agreements, term auction credit, and other loans 2,348,820 + 12,049 + 276,505 Securities held outright (1) 2,328,439 + 12,693 + 357,547 U.S. Treasury securities 1,236,258 + 22,833 + 459,705 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,157,044 + 22,301 + 448,172 Notes and bonds, inflation-indexed (2) 54,357 + 494 + 10,580 Inflation compensation (3) 6,434 + 37 + 953 Federal agency debt securities (2) 143,249 - 870 - 24,262 Mortgage-backed securities (4) 948,932 - 9,269 - 77,896 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 15,425 Other loans 20,381 - 644 - 65,617 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 7,746 Net portfolio holdings of Maiden Lane LLC (7) 26,062 + 27 - 1,198 Net portfolio holdings of Maiden Lane II LLC (8) 15,890 - 156 + 327 Net portfolio holdings of Maiden Lane III LLC (9) 22,837 + 17 + 402 Net portfolio holdings of TALF LLC (10) 703 0 + 331 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 - 25,106 Items in process of collection (112) 184 - 45 - 150 Bank premises 2,213 - 6 - 23 Central bank liquidity swaps (12) 70 0 + 70 Other assets (13) 113,854 + 68 + 22,085 Total assets (112) 2,549,115 + 11,940 + 265,593 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Mar 2, 2011 Wednesday Wednesday Assets, liabilities, and capital Feb 23, 2011 Mar 3, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 957,713 + 1,701 + 64,929 Reverse repurchase agreements (14) 62,461 + 2,977 + 7,256 Deposits (0) 1,454,195 + 7,578 + 186,732 Term deposits held by depository institutions 5,070 0 + 5,070 Other deposits held by depository institutions 1,298,708 + 5,873 + 112,626 U.S. Treasury, general account 49,542 + 26,419 - 3,737 U.S. Treasury, supplementary financing account 99,980 - 24,996 + 74,983 Foreign official 379 + 250 - 2,416 Other (0) 517 + 32 + 207 Deferred availability cash items (112) 2,212 - 316 - 510 Other liabilities and accrued dividends (15) 19,480 - 19 + 7,408 Total liabilities (112) 2,496,061 + 11,920 + 265,815 Capital accounts Capital paid in 26,527 + 10 + 672 Surplus 26,527 + 10 + 1,053 Other capital accounts 0 0 - 1,947 Total capital 53,054 + 19 - 222 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. Refer to table 7 and the note on consolidation accompanying table 9. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, March 2, 2011 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Assets Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,245 52 77 177 163 379 184 343 30 61 163 236 381 Securities, repurchase agreements, term auction credit, and other loans 2,348,820 58,925 970,492 54,376 79,111 265,184 220,336 175,532 59,976 31,883 79,879 97,772 255,353 Securities held outright (1) 2,328,439 58,925 950,126 54,376 79,110 265,184 220,335 175,532 59,976 31,876 79,875 97,772 255,351 U.S. Treasury securities 1,236,258 31,286 504,459 28,870 42,003 140,796 116,984 93,197 31,844 16,924 42,409 51,911 135,576 Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020 Notes and bonds (3) 1,217,835 30,819 496,941 28,440 41,377 138,698 115,241 91,808 31,369 16,672 41,777 51,137 133,555 Federal agency debt securities (2) 143,249 3,625 58,453 3,345 4,867 16,315 13,555 10,799 3,690 1,961 4,914 6,015 15,710 Mortgage-backed securities (4) 948,932 24,014 387,215 22,160 32,241 108,073 89,795 71,537 24,443 12,991 32,552 39,846 104,066 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0 Other loans 20,381 0 20,366 0 0 0 1 0 0 8 4 0 2 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,062 0 26,062 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,890 0 15,890 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,837 0 22,837 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 703 0 703 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 296 5 0 60 74 11 13 27 11 33 20 23 19 Bank premises 2,213 125 256 68 139 238 217 207 135 107 264 246 212 Central bank liquidity swaps (12) 70 2 20 7 5 14 4 2 1 2 1 1 11 Other assets (13) 113,854 3,156 43,218 4,636 4,944 15,447 9,774 7,214 2,499 2,047 3,233 4,076 13,610 Interdistrict settlement account 0 - 4,718 + 204,815 + 49,662 - 22,390 - 34,872 - 60,373 - 38,921 - 20,769 - 4,289 - 25,189 - 5,858 - 37,098 Total assets 2,549,227 58,112 1,290,226 109,600 62,747 247,660 172,193 145,714 42,357 30,137 58,819 97,430 234,231 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, March 2, 2011 (continued) Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Assets, liabilities, and capital City Francisco Liabilities Federal Reserve notes outstanding 1,115,653 42,311 378,892 46,004 46,253 90,108 140,366 85,210 32,063 19,633 32,750 75,873 126,190 Less: Notes held by F.R. Banks 157,940 4,711 46,373 5,018 8,105 12,240 21,920 11,715 4,001 5,240 3,309 11,149 24,159 Federal Reserve notes, net 957,713 37,600 332,519 40,985 38,149 77,868 118,446 73,494 28,063 14,393 29,441 64,724 102,031 Reverse repurchase agreements (14) 62,461 1,581 25,487 1,459 2,122 7,114 5,910 4,709 1,609 855 2,143 2,623 6,850 Deposits 1,454,195 16,756 902,456 61,401 17,821 150,697 43,939 65,438 11,935 12,665 26,326 28,837 115,924 Term deposits held by depository institutions 5,070 14 2,651 800 10 515 0 293 50 16 3 0 719 Other deposits held by depository institutions 1,298,708 16,720 749,691 60,597 17,808 150,044 43,936 65,111 11,830 12,645 26,322 28,837 115,167 U.S. Treasury, general account 49,542 0 49,542 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 99,980 0 99,980 0 0 0 0 0 0 0 0 0 0 Foreign official 379 1 350 4 3 8 2 1 0 1 0 1 6 Other 517 21 241 1 0 129 0 33 55 3 1 0 32 Deferred availability cash items 2,323 96 0 323 359 103 143 129 71 414 133 111 441 Interest on Federal Reserve notes due to U.S. Treasury (15) 1,845 40 796 48 63 223 167 126 38 27 53 66 198 Other liabilities and accrued dividends (16) 17,635 205 13,575 232 298 781 578 483 205 144 215 292 627 Total liabilities 2,496,172 56,278 1,274,832 104,449 58,811 236,785 169,183 144,380 41,921 28,498 58,310 96,653 226,072 Capital Capital paid in 26,527 917 7,697 2,576 1,968 5,438 1,505 667 218 820 255 388 4,080 Surplus 26,527 917 7,697 2,576 1,968 5,438 1,505 667 218 820 255 388 4,080 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,549,227 58,112 1,290,226 109,600 62,747 247,660 172,193 145,714 42,357 30,137 58,819 97,430 234,231 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, March 2, 2011 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Mar 2, 2011 Federal Reserve notes outstanding 1,115,653 Less: Notes held by F.R. Banks not subject to collateralization 157,940 Federal Reserve notes to be collateralized 957,713 Collateral held against Federal Reserve notes 957,713 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 941,476 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,328,439 Less: Face value of securities under reverse repurchase agreements 51,033 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,277,406 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements. 2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.